Wednesday, May 06, 2009 6:47:10 PM
This is what I am seeing on the chart almost 75% apex again. With 2 close supports . on a descending triangle which I think I understand now that it may seem we are falling in PPS slightly but actually just creating a more solid foundation showing once the apex hits we have better chance to go up from breakout. as opposed to a ascending triangle with a flat top showing that is more likely to be solid top and chances are more likely PPS goes down at apex. I think... still learning . so take My observations with Grain of Salt PLZ.
Just noticed at last 75% of march 6 there is an ascending triangle formed .So I will guess in the am a fall to support. then if I cross my fingers hard enuff we should come of that nice. breaking out of resistance tommorrow or next day.
Here is something I am still trying to understand.
The investors received Convertible Promissory Notes that can be converted into restricted common stock at a price of $.0125 per share, which represents a 14 percent premium above the Company's common stock price at the time the financing agreement was reached on May 1, 2009. The agreement also includes warrants to purchase shares of the Company's Common Stock equal to 50 percent of the principal dollar amount of the Notes, at an exercise price of $0.02 per share. The warrants are valid for a period of four years.
It is saying to me that for next four years He can purchase shares at .02 cents for 50% of the current value? This doesn't seem right to me I am sure I am reading it wrong. Although if I am reading it correct, and I was him, I would hold this puppy at .04 cents for 4 years (We should be well established at this point)frustraing and shaking out the current shareholders. aquiring as many shares as I could (at the price of the century)until I make my move. We all know penny traders have little patience and would run from this. Meanwhile leaving this Man to own the Property that funded the Civil War. I would rather lose my money than ( It is fun Money anyway ), Than let Him squeeze me out. And would wait the four Years. I am stubborn..
This would be crappy long term . But a nice sign we see .04 again soon . then see it again and again and again,.. until the puppetmaster cuts our strings. Either way I still believe this company will succeed one way or the other.
My personal holdings are valued at .021 A.T.M. I dont plan to add until We reach .021 again. Mainly because I dont have time to watch, but if I remeber corecctly I bought at this price (with the amount of shares I want to hold here and leave long term in case buyout or W/e sneaks up) trying to buy in strength while we where in downtrend . and was wrong, when/if we hit that again on our current uptrend . I gonna follow my gut and buy more Shares again. And it should feed My Ego nicely. :) GLTA !
YAY!! GOLD!!! YAY!! GSPG!!!
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